Marubeni to Distribute Canada Lithium Product

Canada Lithium Corp of Toronto, ON has signed a three-year distributorship agreement with Marubeni Corp of Japan. The agreement provides for Marubeni to exclusively distribute Canada Lithium’s battery-grade lithium carbonate in Japan for an initial period beginning in July 2013,with the option to extend for a second three-year term beginning in 2016. Under the terms of the agreement, Marubeni will purchase a minimum of 2,000 tons in 2013 and holds an option to increase the off-take to 5,000 tonnes by 2015. In November, 2012, Canada Lithium signed a five-year lithium carbonate off-take agreement with Tianjin Products and Energy Resources Development Co Ltd (Tewoo-ERDC) of China for a minimum annual commitment of 12,000 tonnes of battery-grade lithium carbonate. The first shipment under this agreement is scheduled for the end of March 2013.

Volume 27 issue 1

Leave a Reply